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The last-minute cancellation of US Secretary of Commerce Wilbur Ross’s visit to India to discuss mounting bilateral trade tensions and other affairs has darkened clouds gathering over the US-India trade relationship worth about US$125 billion a year.

US-PH Society, a private sector entity engaged in promoting economic relations between the two countries, expects the proposed bilateral free trade agreement to offer better access in each other’s markets as well as the inclusion of a new provision on digital commerce

Uzbek Ambassador to Malaysia Ravshan Usmanov met with Deputy Director of the Malaysian Palm Oil Council Faisal Iqbal to discuss issues of the state and prospects for the development of trade and economic cooperation on February 18, 2019, Trend reports via Uzbek media

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 19

KUALA LUMPUR: Bilateral trade between Malaysia and China climbed to an all-new high in 2018, rising 13% to US$108.6bil (RM443bil) from US$96bil (RM392bil) in 2017, with the number of Chinese visitors into Malaysia increasing 29% to 2.94 million last year

(KLK) said the steep drop in the price of crude palm oil (CPO) at the end of last year resulted in a lower profit contribution from its core plantation business, but expects a rebound in prices to support its performance in the coming months

No one in Europe would oppose a British demand for an extension of talks on Britain's exit from the European Union beyond the March 29 deadline, the head of the European Commission Jean-Claude Juncker told the Stuttgarter Zeitung in an interview

Beijing: US and Chinese officials wrapped up days of trade talks here with plans to resume negotiations in Washington this week as the world’s top two economies try to smooth out their thorny trade row.

Malaysian palm oil futures edged higher during Monday trade, charting a second session of gains in three days, bolstered by strength in related edible oils and expected weaker output.

Tanzania has set aside 4.3 million U.S. dollars to boost cultivation of oil palm as part of its strategy to end importation of edible oils, Prime Minister Kassim Majaliwa said on Monday.

The European Union vowed prompt retaliation if the U.S. follows through on a threat to impose tariffs on imported vehicles, as trans-Atlantic trade tensions showed no signs of easing.

Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 (US$565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes